CELOXFI Market Analysis: Bitcoin Bull Momentum Shifts Despite $116K Recovery
The cryptocurrency market is experiencing a fascinating paradox that every seasoned trader should understand. While Bitcoin managed to climb back above $116,000 this Friday, the underlying momentum indicators tell a different story - one that requires careful examination through professional analysis tools. According to CryptoQuant's comprehensive Bull Score Index, eight out of ten key indicators have shifted to bearish territory, signaling what analyst JA Maartun describes as clearly cooling momentum. This divergence between price action and fundamental indicators presents both challenges and opportunities for strategic traders. The technical breakdown reveals that only two indicators remain bullish: Bitcoin demand growth and technical signals. The demand growth metric has maintained its bullish stance since July, indicating sustained institutional interest despite surface-level volatility. However, critical indicators including the MVRV-Z score, profit and loss index, bull bea...